Updated Duplex in
3408 HESS Street, Philadelphia, PA 19136
New
MULTI_FAMILY - PHILADELPHIA, PA
Property size:
1,840 SFLot size:
0.04 AcresPrice / SF:
$201/SF- Added:
- May 19, 2026
- Days on Market:
- 5
- Last Refresh:
- May 23 at 5:06 pm
Property Features for 3408 HESS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Driveway, Garage - Attached
- Standard status
- Active
- Size
- 1,840 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4269
Utilities
- Heating system
- Heat Pump (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1978
- Number of units
- 2
- Building materials
- Masonry
Listing agent Gianfranco Illiano License #RS372591 (215) 595-3556
Listing office Keller Williams Real Estate-Langhorne 584 Middletown Boulevard unit: A50, Langhorne, PA (215) 757-6100
Listing date May 19, 2026
MLS# PAPH2623758
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Updated duplex with two 2‑bedroom, 1‑bathroom units in excellent condition.
- Each unit has its own laundry for added convenience.
- Features a large garage, newly redone rear yard, and newly replaced front driveway.
- Finished basement accessible to the first‑floor unit.
- Second‑floor unit has a long‑term tenant with an excellent payment history.
- First‑floor unit is move‑in ready, offering immediate occupancy.
Overview
This well-maintained duplex is located in the Holmesburg section of Philadelphia. It features two 2-bedroom, 1-bathroom units, both updated with newer kitchens and bathrooms and in excellent condition. No updating is needed. Each unit includes its own laundry. The property also features a finished basement accessible to the first-floor unit, a large garage, a newly redone rear yard, and a newly replaced front driveway. The second-floor unit is occupied by a long-term tenant with an excellent payment history who would like to stay. The first-floor unit was recently vacated and is move-in ready. This property offers an excellent opportunity for both investors and owner-occupants looking to live in one unit while renting the other. The property size is 1840 square feet and the lot size is 0.036 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$348.9K
NOI $31,399 @ 9.00% cap · cautious / downside scenario
Moderate
$448.6K
NOI $31,399 @ 7.00% cap · market / base-case scenario
Aggressive
$628.0K
NOI $31,399 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.5k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.9k | $24.38 |
| − OpEx | −$13.5k | −$7.31 |
| NOI | $31.4k | $17.06 |
1,840 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$448.6K
$392.5K – $523.3K
NOI $31,399 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$413.5K
$361.8K – $482.4K
NOI $28,942 @ 7.0% cap · market cap 7.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.0241699
- Latitude
- 40.0462914
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained Philadelphia duplex with updated units and desirable features.
Where is this duplex located?
The property is located at 3408 HESS Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Updated duplex with two 2‑bedroom, 1‑bathroom units in excellent condition.; Each unit has its own laundry for added convenience.; Features a large garage, newly redone rear yard, and newly replaced front driveway.
